This paper looks at the relationship between government budget deficits and the growth rate of GDP. While orthodox economic theory offers several reasons to believe that growing deficits might be associated with slower growth, and would ultimately be unsustainable, Keynesians assert that...

Foreign Direct Investment (FDI) embodying capital and technology or some intangible advantage is the act of establishing or acquiring a foreign subsidiary over which the investing company has extensive management control. The empirical results show the influence of patents, copyright, trademarks...